(a) There is hereby levied and imposed an excise tax of three percent (3%) on transactions by which lodging by a hotel is or is to be furnished to transient guests within the City. The three percent (3%) excise tax levied herein is in addition to any tax imposed by the State of Ohio or any of its subdivisions.
(b) The tax revenue collected pursuant to this chapter shall be distributed as follows:
(1) If the amount collected pursuant to this chapter is less than $30,000, the Conneaut Convention and Visitor's Bureau shall receive 100% of the amount collected.
(2) If the amount collected pursuant to this chapter is greater than $30,000 but less than $100,000, 2/3 of the amount collected shall be distributed to the Conneaut Convention and Visitor's Bureau and 1/3 shall be distributed to the City of Conneaut.
(3) If the amount collected pursuant to this chapter is greater than $100,000, ½ of the amount collected shall be distributed to the Conneaut Convention and Visitor's Bureau and ½ shall be distributed to the City of Conneaut.
(Ord. 15-18. Passed 4-9-18.)